Comcast Co. (NASDAQ:CMCSA) Holdings Lowered by Jmac Enterprises LLC

Jmac Enterprises LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,987 shares of the cable giant’s stock after selling 4,391 shares during the quarter. Jmac Enterprises LLC’s holdings in Comcast were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Signet Investment Advisory Group Inc. lifted its holdings in shares of Comcast by 3.1% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 41,653 shares of the cable giant’s stock valued at $1,563,000 after purchasing an additional 1,247 shares in the last quarter. Portfolio Design Labs LLC purchased a new stake in Comcast in the 4th quarter worth about $294,000. Balentine LLC boosted its position in Comcast by 33.6% during the 4th quarter. Balentine LLC now owns 12,144 shares of the cable giant’s stock worth $456,000 after acquiring an additional 3,055 shares during the period. Peterson Wealth Services grew its stake in Comcast by 4.3% during the 4th quarter. Peterson Wealth Services now owns 37,908 shares of the cable giant’s stock valued at $1,423,000 after acquiring an additional 1,553 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Comcast in the 4th quarter valued at about $271,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CMCSA shares. Rosenblatt Securities dropped their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Morgan Stanley reduced their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $35.23 on Wednesday. The firm has a market capitalization of $133.21 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.69 and a beta of 1.00. The stock has a fifty day moving average price of $37.54 and a two-hundred day moving average price of $39.85. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.